Anglo Continental Clock Company Limited - Accounts to registrar (filleted) - small 18.2
Anglo Continental Clock Company Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
FOR |
ANGLO CONTINENTAL CLOCK COMPANY LIMITED |
ANGLO CONTINENTAL CLOCK COMPANY LIMITED (REGISTERED NUMBER: 01011780) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 December 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ANGLO CONTINENTAL CLOCK COMPANY LIMITED |
COMPANY INFORMATION |
For The Year Ended 31 December 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Leonard House |
5 - 7 Newman Road |
Bromley |
Kent |
BR1 1RJ |
ANGLO CONTINENTAL CLOCK COMPANY LIMITED (REGISTERED NUMBER: 01011780) |
BALANCE SHEET |
31 December 2018 |
2018 | 2017 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks | 4 |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
ANGLO CONTINENTAL CLOCK COMPANY LIMITED (REGISTERED NUMBER: 01011780) |
BALANCE SHEET - continued |
31 December 2018 |
The financial statements were approved by the director on |
ANGLO CONTINENTAL CLOCK COMPANY LIMITED (REGISTERED NUMBER: 01011780) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 December 2018 |
1. | STATUTORY INFORMATION |
Anglo Continental Clock Company Limited is a |
England and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Foreign currency translation |
Transactions denominated in foreign currencies are translated into sterling at the rates of exchange |
ruling at the date of transactions. Monetary assets and liabilities denominated in foreign currencies at |
the balance sheet date are translated at the rates ruling at that date. The transaction differences are |
dealt with in the profit and loss account. |
Pension costs and other post-retirement benefits |
The pension costs charged in the financial statements represent the contributions payable by the |
company during the year in accordance with FRS 17. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
ANGLO CONTINENTAL CLOCK COMPANY LIMITED (REGISTERED NUMBER: 01011780) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 December 2018 |
4. | STOCKS |
2018 | 2017 |
£ | £ |
Stocks | 812,754 | 671,311 |
Payments on account |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |